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Seafood Company Investing $10M, Creating Jobs in New York

02/20/2009
Local Ocean, LLC, a manufacturer and distributor of farmed seafood products, will invest $10.7 million to establish a fish farming operation in Greenport, New York, near Albany, according to state economic development officials. The company will hire 53 new full-time employees and seven contract employees as part of the project. Local Ocean is a joint venture between the Sanit Group of New York and Grow Fish Anywhere, an Israel-bsed company, which will provide the fish farming technology. "As a part of a growing industry, our project aims at replacing fish imports, generating aquaculture know-how, and creating employment in the U.S." says Efraim Bason, Local Ocean's CEO, who says he chose the location in part due to the "welcoming, team-working attitude and open-minded approach" of the community and local governments. The company has been offered incentives that include a $175,000 grant from the state.

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